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Remote Work and State Taxes: What You Need to Know in Los Angeles and Across States

COVID-19 and IRS update, News, Tax Preparation and Tips01/22/202417Views 0Likes 0Comments

The COVID-19 pandemic marked a significant shift in the American workforce, with a dramatic increase in remote work. As we progress through 2023 and into 2024, many employees, especially in tech-centric cities like Los Angeles, are continuing to work from home. However, this new era of remote work brings with it complex tax ramifications that…

A Landmark Tax Reform: Expanding Child Tax Credits and Business Breaks

News01/19/202418Views 0Likes 0Comments

Senior lawmakers from both sides of the aisle in Congress have reached a groundbreaking agreement to enhance the child tax credit and introduce a range of tax concessions for businesses. This $78 billion tax pact, a product of extensive negotiations between House Ways and Means Chair Jason Smith (R-Mo.) and Senate Finance Chair Ron Wyden…

Understanding Income Taxes: What’s Taxable and What’s Not?

News, Tax Preparation and Tips01/17/202419Views 0Likes 0Comments

Income taxes are an essential part of financial life, impacting everyone who earns income throughout the year. It's important to know what counts as taxable income and what doesn't, as this knowledge can help you manage your taxes better and plan your finances effectively. This article simplifies the concept of income taxes, breaking down what…